- Have any questions?
- [email protected]
- Home
- In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually
Question 1:
In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually A. 2 Years
B. 3 Years
Feedback Principal = Rs.1000;
Amount = Rs.1331;
Rate = Rs.10%p.a.
Let the time be n years then, 1000(1+10/100)^n=1331
(11/10)^n=1331/1000
(11/10)^3=1331/1000
So answer is 3 years
Amount = Rs.1331;
Rate = Rs.10%p.a.
Let the time be n years then, 1000(1+10/100)^n=1331
(11/10)^n=1331/1000
(11/10)^3=1331/1000
So answer is 3 years
C. 4 Years
D. 5 Years
These questions are from this test. Would you like to take a practice test?